Nexxus Petro Industries IPO subscription status began on Thursday, September 26, 2024, and will close on September 30, 2024. The company aims to raise approximately ₹19.43 crores through this offering. Moreover, the allocation consists of 50% for retail investors, 0% for Qualified Institutional Buyers (QIB), and 50% for Non-Institutional Investors (NII). Additionally, the price band is fixed at ₹105 per equity share.
The IPO consists of a minimum market lot of 1200 Shares requiring an application amount of ₹126,000. Nexxus Petro Industries is an SME IPO that will be listed on the BSE.
Also read: Nexxus Petro Industries IPO: Dates, Pricing and Allotment 2024
Table of contents
About Company
Nexxus Petro Industries Limited, located at B-811 Swati Trinity, Applewood Township, Sanathal Sanand, Sarkhej, Ahmedabad, Dascroi, Gujarat, India, 382210, was established as a private limited company on October 5, 2021. Subsequently, it transitioned to a public limited company on July 18, 2023.
The company actively trades, manufactures, and sells petrochemical products, particularly Bitumen products. These products play a crucial role in the infrastructure sector and the road construction industry. Additionally, Nexxus Petro Industries offers various grades of Bitumen, categorized based on viscosity and related properties. They process the bitumen at facilities located in Mundra, Gujarat; Pali, Rajasthan; and Bhopal, Madhya Pradesh, thereby positioning the company for future success.
Additionally, Nexxus Petro Industries prides itself on its adaptability and unwavering commitment to client satisfaction. As a result, the company focuses on selling processed bitumen directly to customers based on their specific needs. Moreover, the director and promoter actively engage with clients through marketing efforts, fostering personal interactions to enhance customer relationships.
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We recommend that investors apply for the IPO with caution, as it is considered risky. Furthermore, it is essential for investors to examine the QIB, NII, and Retail numbers before making any investment decisions.
Nexxus Petro Industries IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.10 | 0.26 | 8.41 |
| RII | 1.30 | 3.15 | 8.48 |
| Total | 0.70 | 1.70 | 8.44 |
Nexxus Petro Industries IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Nexxus Petro Industries
- Avoid
Nexxus Petro Industries IPO Form
To apply for the Nexxus Petro Industries IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
Additionally, The IPO subscription starts on September 26, 2024, for NII and Retail Investors.
Moreover, You can easily subscribe using ASBA or non-ASBA options. Simply apply online through your bank’s ASBA service or download and submit the form to your broker or bank.
To stay updated, visit our portal for hourly updates, or refer to the official IPO page on relevant websites.
Firstly, log into Zerodha’s Console, then go to Portfolio, click on IPO, and select “Nexxus Petro Industries.” After entering your UPI ID, quantity, and price, submit the application and approve the mandate in your UPI app.
Simply log into Upstox, select the IPO, and confirm your application. Finally, approve the mandate via your UPI app.
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